federal digital currency Overview

Han Wenxiu, Deputy Director of the Central Finance Office: China's GDP is expected to increase by about 5% this year. At the 2024-2025 China Economic Annual Meeting held at the China Center for International Economic Exchanges, Han Wenxiu, deputy director of the Central Finance and Economics Committee Office and director of the Central Rural Work Leading Group Office, said that China's GDP is expected to increase by about 5% this year. The contribution to global economic growth is close to 30%; Employment and prices remained stable, the international balance of payments was basically balanced, and the country's foreign exchange reserves remained above 3.2 trillion US dollars. (CCTV News)Moody's: Downgrading France's sovereign credit rating to Aa3, the outlook is stable.Challenging the monopoly of Europe and America, Chinese and Indian manufacturers have laid out the track of diet pills. For some time, GLP-1 (glucagon-like peptide -1) diet pills have caught fire in the United States and other western countries, and gradually marched into emerging markets. At present, two major pharmaceutical companies, Novo Nordisk in Denmark and Lilly in the United States, occupy most of the market share in the field of GLP-1 diet pills, but other pharmaceutical companies are also actively deploying the track. In 2026, Novo Nordisk's patent on smeagoutide will expire in China and India, while the patent on liraglutide, the main effective ingredient of the previous generation of GLP-1 diet pills, has expired in China and India. The industry believes that China and India, as two emerging markets, have a strong momentum of innovation and development in the pharmaceutical industry of both countries, and have great potential in the GLP-1 diet pills track. The entry of Chinese and Indian pharmaceutical companies will make the international competition in the field of GLP-1 diet pills more intense. (Global Times)

Lenovo released eight new server products, based on the fifth-generation AMD EPYC processor platform. At the launch conference of Lenovo's new computing infrastructure products, Lenovo released eight server products based on the fifth-generation AMD EPYC processor-Lenovo Questioner, ThinkSystem V3 series server product family and a brand-new ThinkSystem AMD tower server, which will join hands with AMD to accelerate the development of AI computing infrastructure in China. (Sina Technology)Market News: After deliberation by the IMF Executive Board, Jordan unlocked $131 million in funds.Sun Hongmei was appointed as the Standing Committee of Anhui Provincial Committee. Recently, the Central Committee approved that Comrade Sun Hongmei should be appointed as the Standing Committee of Anhui Provincial Committee.

National Development and Reform Commission (NDRC): More active and promising macro policies will be implemented next year. The reporter learned from the National Development and Reform Work Conference held by NDRC yesterday (13th) that in order to fully implement the spirit of the Central Economic Work Conference, countercyclical adjustment of macro policies will be intensified next year, so as to solidly promote economic stability, structural improvement and development trend. The relevant person in charge of the National Development and Reform Commission said that a more active and promising macro policy will be implemented next year to enhance the consistency of macro policy orientation. It will expand domestic demand in all directions. Accelerate the "two-fold" construction, expand effective investment, make good use of all kinds of construction funds such as central budget investment, ultra-long-term special national debt, and new local government special debt, promote the formation of more physical workload as soon as possible, and continue to promote the introduction of private capital into major projects. We will do a good job in the "two new" work, implement special actions to boost consumption, and promote consumption expansion, quality improvement and efficiency improvement. It will promote the further comprehensive deepening of the implementation of reform measures, organize the implementation of the "Guidelines for the Construction of a National Unified Big Market (Trial)", revise and introduce a new version of the negative list of market access, and deeply break down market access barriers. Promote the private economy promotion law as soon as possible. In addition, we will accelerate the construction of a modern industrial system and promote the upgrading of key industries. Vigorously support the high-quality development of manufacturing industry and comprehensively rectify the "involution" competition. (CCTV News)Market News: Asoka Ranwala, Speaker of the Sri Lankan Parliament, announced his resignation on the 13th.China's economic restructuring and upgrading loan interest rates have remained at a historically low level, the financial sector has continued to exert its efforts to support the real economy, and credit resources have more flowed to key areas and weak links of the national economy. At the end of November, medium and long-term loans for manufacturing industry, loans for "specialized and innovative" enterprises, and small and micro loans for general benefit increased by 12.8%, 13.2% and 14.3% respectively, which were higher than the growth rates of various loans in the same period. China's economic structure has been transformed and upgraded, and the credit structure has been continuously optimized. (CCTV News)